Examination question paper: July 2017
Module code:
EC4006
Component number:
003
Module title:
Principles of Economics
Module leader:
Chris Elven
Date:
July 2017
Duration:
2 Hours
Exam type:
Part Seen/Part Unseen, Closed
Materials supplied:
None
Materials permitted:
Non-Programmable Calculators and Writing
Implements
Warning:
Candidates are warned that possession of
unauthorised materials in an examination is a
serious assessment offence.
Instructions to
candidates:
This exam paper contains TWO sections.
Candidates will be required to answer TWO Questions
from EACH Section a TOTAL of FOUR Questions.
Each question is worth 25 marks.
Do not turn page over until instructed
© London Metropolitan University
SECTION B – ANSWER TWO QUESTIONS FROM THIS SECTION
6. Seen Question: In National Income Accounting, GDP can be measured in three
different ways. Explain these three different ways and make clear why they are
equivalent. Identify any particular difficulties or problems associated with the
estimation of GDP.
2